Lower rates? I think I agree if there is some type of fiat event, but I also think rates can go to zero if the Fed is forced to back down on policy because they’ve crashed the economy and markets.
I see the QQQ’s are now 300 pts. off their lows in the last five minutes. Computers trading against computers.
and yet the HUI has dropped from nearly 260 to 240 in less than 24 hours – almost 10%, and as always individual shares much worse.
BTW – if I had any balls, and some serious balls, I’d take a shot at Bitcoin for a bounce.